Posted On: 10/29/2014 5:04:00 PM
Post# of 56323
If funds received from share sales are used to fund the company that would beg two questions and I am asking because I am not an accountant and do not know the answers.
1-those funds from insiders should be listed as loans to the company on the financial reporting and I did not see a line item. The shares given to insiders were labelled for services rendered for the most part so rather than give shares to insiders why did the company not just sell the shares from treasury into the market.
2-the insiders would be taxed on the sale unless they were noted as loans to the company.
3-where was the $20 Million spent? Is that outlined in the latest financials?
Any accountants who can shed some light.
1-those funds from insiders should be listed as loans to the company on the financial reporting and I did not see a line item. The shares given to insiders were labelled for services rendered for the most part so rather than give shares to insiders why did the company not just sell the shares from treasury into the market.
2-the insiders would be taxed on the sale unless they were noted as loans to the company.
3-where was the $20 Million spent? Is that outlined in the latest financials?
Any accountants who can shed some light.
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